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Updated RecentlyNTC vs Venture X Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of NTC vs Venture X including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $30,000 - $150,000 | $748,585 - $2,026,210 |
| Franchise Fee | N/A | $79,500 |
| Royalty Fee | - | 6% |
| Advertising Fee | - | 1% |
| Year Founded | 1997 | 2012 |
| Year Franchised | 0 | 2016 |
| Term Of Agreement | - | 20 years |
| Term Of Agreement | - | 20 years |
| Renewal Fee | - | $1K |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | NTC Exclusive Agents will complete our orientation training program. Training includes many internet-based, self-paced product and sales courses. In addition, NTC can provide on-location training and ongoing on-site support. | On-The-Job Training: 8 hours Classroom Training: 23 hours |
| Support | You will receive access to NTC's operational and financial resources to help with day-to-day operations, as well as ongoing support from a NTC representative, guidance on all promotional materials, operational updates, and company newsletters. | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Advertising is done on a local, regional, and national level. With NTC at your side, you can conduct local advertising for your own territory. NTC offers pooled co-op advertising dollars, brand guidelines, and creative support to help you achieve a great local presence. | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | No |
| International Expansion | - | Yes |
Company Overviews
About NTC
THIS IS NOT A FRANCHISE THIS IS AN OPERATOR AGENT PROGRAM Become a NTC Exclusive Agent and enjoy the personal satisfaction and financial rewards that come from helping others achieve their goals. By utilizing the knowledge, the systems and the relationships that we've developed over 12 years, you can get started immediately. If you are accepted as a NTC Exclusive Agent, we will train, certify and support you for the life of your business. By working with us, your entrepreneurial dreams can become reality. NTC Exclusive Agents have tremendous income potential. Unlike many other businesses, there is no upward limitation on income. Overhead is very low. The business may be run from home or a small office, requiring only a phone, fax and computer. The NTC corporate business development team will not only stand by you every step of the way, but also guide you through a business and financial modeling process to ensure your success. You will be in business for yourself, but never by yourself! If you are looking for an opportunity with a dynamic company in a savvy, sophisticated industry, become an NTC Exclusive Agent. Become a leader.
About Venture X
The days of working in a cramped cubicle are over for many people in today’s mobile work world. That has led to a rise of coworking spaces that allow for environments that are collaborative, inspiring, and stimulating.
By 2020, The Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors, or entrepreneurs, making up a full 40% of the workforce. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community.
Like other “sharing” industries, Venture X franchisees simply provide the modern workspace and members buy private memberships, giving them access to open areas or private offices, whichever they prefer.
Many business models today are built on this collaborative model including transportation and vacation destination sharing. Venture X is at the forefront of this growing trend. Venture X’s unique combination of open space mixed with higher revenue private offices allows for higher income opportunities. Additional revenue can be generated from event hosting to further increase the bottom line of each location.